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J-Trust - Status of Treasury Stock Acquisition
J-Trust <8508> announced the acquisition status (in progress) regarding the acquisition of treasury stock based on the provisions of Article 156 of the Companies Act, reinterpreted and applied under Article 165, paragraph 3 of the same Act. The acquisition period is October 1-31, 2024 (on an all filled basis), with a total of 511,500 shares acquired and a total acquisition amount of 220,402,600 yen. The resolutions at the Board of Directors meetings held on February 13, 2024, and August 9, 2024, include the details of the shares that can be acquired.
J-TRUST --- Announces the transfer of shares of a specific subsidiary.
J-Trust <8508> announced on the 16th that the company and its subsidiary, JTRUST ASIA PTE.LTD, have decided to transfer all shares of their consolidated subsidiary (J-Trust's subsidiary) J Trust Credit NBFI (hereinafter: JTM, Ulaanbaatar, Mongolia) to SBT (hereinafter: SBT, Yokohama, Kanagawa), and have signed a conditional share transfer agreement. It should be noted that approval from the financial authorities of Mongolia is required for this share transfer. In addition, JTM is
J Trust: Extraordinary Report
J Trust Research Memo (7): The company has sufficient funds and the stability of the group is high.
■Performance Trends 3. Financial Condition The total assets of J-Trust <8508> at the end of the second quarter of the fiscal year ending December 2024 increased by 116,727 million yen compared to the previous period, reaching 1,331,442 million yen. This was mainly due to a decrease of 18,099 million yen in other financial assets, while cash and cash equivalents increased by 29,986 million yen, securities in the banking business increased by 31,381 million yen, and loans in the banking business increased by 63,466 million yen. The total liabilities increased by 106,3
J-Trust Research Memo (6): The operating margin of the Southeast Asia financial business has improved to 6.1% and contributed to the group's performance.
For the second quarter of the fiscal year ending December 2024, the operating revenue of J-Trust <8508> was 231.93 billion yen (an increase of 32.6% from the same period last year), and the operating profit was 14.1 billion yen (an increase of 83.8% from the same period last year).
J Trust Research Memo (5): Despite increased revenue in South Korea and Mongolia financial businesses, there is an operating loss due to economic downturn and deterioration in loan quality.
■Business Performance Trends (2) Operating revenue for the second quarter of the fiscal year ending December 2024 for J Trust, a South Korean and Mongolian financial company (8508), was 23,494 million yen (an increase of 2.7% compared to the same period last year), and operating loss was 1,256 million yen (compared to a loss of 1,196 million yen in the same period last year). The increase in operating revenue was due to the decrease in lending by savings banks, but the increase in interest income from the rise in new lending rates resulted in increased revenue. Operating profit was affected by the worsening economy and the deterioration of credit and resulted in an increase in provision for doubtful accounts and the sale of credits.
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